Central Bank of the Republic of Turkey

Brief History

The Law on the Central Bank of the Republic of Turkey N°. 1715 was enacted on 11 June 1930. The bank was established on 30 June 1930 and opened officially on 3 October 1931. The bank had, originally, a privilege of issuing banknotes for a period of 30 years. In 1955 this privilege was extended until 1999. It was prolonged indefinitely in 1994. According to the Law N°. 1715, the basic aim of the central bank was to support economic development of the country. In order to fulfil

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